Oct 5, 2025 · Accounting is the process of recording the financial transactions of a company or other organization so that they can be reviewed by regulators and tax authorities.

Accounting has several subfields or subject areas, including financial accounting, management accounting, auditing, taxation and accounting information systems.

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with …

accounting, systematic development and analysis of information about the economic affairs of an organization.

Sep 17, 2025 · Accounting is the process of recording, categorizing, and analyzing company transactions to generate financial statements and inform business decisions.

Accounting is known as the language of business. Through a series of steps known as accounting cycle, it gathers information about business transactions, and collates and summarizes them to generate …

Nov 19, 2025 · Accounting is the practice of recording and reporting on business transactions. It involves transaction record keeping and financial reporting.

The main goal of accounting is to accurately record and report an organization’s financial performance. Accounting can be classified into two categories – financial accounting and managerial accounting.

Feb 25, 2025 · Accounting is the process of recording, cataloging, analyzing and reporting a company’s financial transactions. Proper accounting allows a company’s management to better understand the …

Apr 13, 2023 · What is accounting and why does your business need it? Our guide outlines the different types, common tasks, and FAQs about accounting you need to know.